BAVA vs NVDD
Comparison between Bitwise Avalanche ETF (BAVA, ETF) and DIREXION DAILY NVDA BEAR 1X SHARES (NVDD, ETF).
BAVA vs NVDD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BAVA
$22M
Winner
NVDD
$22M
Expense Ratio
Winner
BAVA
0.34%
NVDD
1.01%
Max Drawdown
Winner
BAVA
36.55%
NVDD
89.33%
Sharpe Ratio
BAVA
-3.99
Winner
NVDD
-1.09
5Y Beta
BAVA
2.90
Winner
NVDD
-2.00
BAVA vs NVDD - Historical Returns
Returns include dividend reinvestment.
1M
BAVA
-33.18%
Winner
NVDD
+6.37%
3M
BAVA
N/A
NVDD
-12.75%
6M
BAVA
N/A
NVDD
-17.43%
1Y
BAVA
N/A
NVDD
-32.33%
Max(CAGR)
BAVA
-89.72%
Winner
NVDD
-50.01%
BAVA vs NVDD - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | BAVA | NVDD |
|---|---|---|
| 2026 | -30.32% | -10.96% |
| 2025 | N/A | -36.76% |
| 2024 | N/A | -70.52% |
| 2023 | N/A | -8.77% |
BAVA vs NVDD Drawdown Comparison
The maximum drawdown for BAVA was -36.55%, occurring on Jun 10, 2026. This drawdown has not yet recovered.
The maximum drawdown for NVDD was -88.32%, occurring on May 14, 2026. This drawdown has not yet recovered.
The current BAVA drawdown is -35.43%. The current NVDD drawdown is -86.72%.
| Rank | BAVA | NVDD |
|---|---|---|
| #1 | -36.55% May 11, 2026 - Jun 10, 2026 | -88.32% Oct 26, 2023 - May 14, 2026 |
| #2 | -8.30% Apr 16, 2026 - May 8, 2026 | -12.53% Sep 21, 2023 - Oct 26, 2023 |
| #3 | N/A | -0.22% Sep 13, 2023 - Sep 15, 2023 |
| #4 | N/A | -0.02% Sep 15, 2023 - Sep 19, 2023 |
Correlation
Correlation between BAVA and NVDD is 0.27 which considered as a very weak or no correlation - the stocks move independently of each other.
0.27
-101
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